A major twist has emerged in the $3 million fraud case involving Ghanaian politician and businessman Emmanuel Nii Ashie Moore, as the original complainant, Singaporean businessman Toh You Kang, now stands accused of misappropriating the funds under false pretence.
Speaking at a press briefing in Accra on Sunday (20 July 2025), Mrs. Liang Liu Bing, CEO of Foshan Yuejiaxin Wire & Cable Co. Ltd., said her company wired US$3 million to Toh You Kang to facilitate a business venture in Ghana; the establishment of a cable import and assembly operation — in which Moore was expected to play a role. She explained that Toh was engaged to act as a liaison due to language challenges, but nearly the entire sum disappeared under his watch.
According to her, only US$100,000 of the transferred funds was forwarded to Ashie Moore. The rest of the money, amounting to US$2.9 million, remains unaccounted for. While Toh has not outright refused to explain, Mrs Liang said he has failed to provide documentation or clarity on what happened to the funds.
“I trusted Toh You Kang to represent my company’s interest and to handle the transaction. But he betrayed that trust and pocketed the money. Ashie Moore was not the one who defrauded me—he only received a fraction of the funds,” she said.
She also revealed that her company dealt directly with Ashie Moore in a separate business transaction — the procurement and shipment of souvenirs worth US$200,000 for the 2024 general elections; showing video evidence of the goods being loaded for shipment and photos of her interaction with Moore and her own employees. She dismissed as false Toh’s claim that he procured the items on Moore’s behalf.
Credit: theherald